Robust growth trajectory drives gains for Asian Paints

Falling crude oil prices to support margins

The Asian Paints stock was up nearly 5 per cent in trade on expectations that the company will be a key beneficiary of a growth rebound and gain from the recent fall in crude oil prices. In addition, incremental growth from new businesses such as designer tiles that the company has recently diversified into adds to its revenue stream. 

The stock has been underperforming the benchmarks since the start of the year on the back of increasing competitive pressures in the core decorative paints business and sharp rise in raw material costs especially crude oil and its derivatives. While the